A Student Takes a 6 Question Multiple Choice Quiz with 4

question 59

Multiple Choice

A student takes a 6 question multiple choice quiz with 4 choices for each question. If the student guesses at random on each question, what is the probability that the student gets exactly 4 questions correct?

• A) 0.008
• B) 0.025
• C) 0.033
• D) 0.066

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Definitions:

Stockholders' Equity

Represents the residual value of a company's assets after deducting its liabilities, essentially indicating the net worth attributable to shareholders.

Ex-dividend Date

The first day on which buying a stock will not entitle the new owner to the declared dividend.

Date of Declaration

The specific date on which a company's board of directors announces the distribution of a dividend or other corporate action.

Marketable Equity Securities

Financial instruments that represent ownership in public companies and can be easily bought or sold in public stock markets.